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Listed by TIMOTHY KAELIN • COLDWELL BANKER PROFESSIONAL GROUP • 541-285-6080
$ 650,000
Est. payment /mo
Active
1915 Commercial St SE SE Salem, OR 97302
3,242 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 3,242 sqft
Price per Sqft $200
MLS Listing ID 828272
Year Built 1976
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Special Purpose
Property Description
Investor special! Are you ready for an income producing, high cap rate, low maintenance investment? Look no further. This specially modified, commercially zoned property is the perfect place for any investor who is looking to expand their portfolio. This property is currently tenant occupied as a group home. Utilizing a property tax exemption and tenant-paid utilities, the financials are impeccable, offering over a 6% cap rate and a cash flowing investment.
Location
State OR
County Marion
Area 40 Southeast Salem
Interior
Heating Forced Air, Heat Pump
Exterior
Garage Spaces 6.0
Fence Yes
Roof Type Composition
Building
Sewer City
Water City
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Stacy Cardoza | Real Broker, LLC